Euro renews slide as euro-zone worries persist

WilliamL. Watts

LONDON (MarketWatch) -- The euro
EURUSD, -0.7630%
renewed its slide versus the U.S. dollar Monday, dropping 1.5% versus the U.S. dollar to change hands at $1.2387 in recent action. The Bank of Spain's rescue of a regional Spanish lender over the weekend put a renewed focus on worries over the euro zone, strategists said. A bout of heavy short covering at the last week had lifted the euro from a four-year low versus the dollar below $1.22, but the squeeze appears to have run its course, said Daragh Maher, currency strategist at Credit Agricole.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information. Intraday data
delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc.
All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More
information on NASDAQ traded symbols and their current financial status. Intraday
data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM)
from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is
at least 60-minutes delayed. All quotes are in local exchange time.